is far from certain. The demand for real estate in China is so strong that current prices might be sustainable …

China. Using a unique dataset of city-level house prices and rents, this paper investigates the presence of price bubbles in … major Chinese city housing markets. Our findings show evidence of price bubbles in most housing markets, even though the … bubbles might be, to a large extent, mitigated by strong government intervention. In order to distinguish rational bubbles …

There is a growing concern in recent years over the potential formation of bubbles in the Chinese real estate market …

This paper provides a theory to explain the paradoxical features of the great housing boom in China — the persistently …

Since the 1990s, China's real estate market has experienced a dramatic and long-lasting boom across China. This boom … into a gigantic housing bubble, which might eventually burst and damage China's financial system and economy. Motivated by … this concern, this paper reviews the historical development of China's real estate market, describes the real estate boom …